For Audi Rs5 Car Rear Emblem Boot Trunk Badge Sticker Decal Logo Orange Black on 2040-parts.com

Saab on brink of closing after GM rejects rescue plan

Saab Automobile filed for bankruptcy on Monday and is on the brink of shutting for good after former owner General Motors rejected a rescue plan. The move sets the scene for the end of Saab's struggle to survive after months of hastily drawn-up deals for a company that hasn't made a vehicle in months. The latest plan involved Chinese automaker Zhejiang Youngman Lotus Automobile, but this was vetoed by GM, still a key Saab supplier, over the weekend "After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded," Saab's Dutch owner, Swedish Automobile, said in a statement.

One Lap of the Web: Cool classic concepts, Rat Pack Cadillacs and even more Vin Diesel

We spend a lot of time on the Internet -- pretty much whenever we're not driving, writing about or working on cars. Since there's more out there than we'd ever be able to cover, here's our daily digest of car stuff on the Web you may not otherwise have heard about. -- Petrolicious brings us an awesome VWvortex forum thread packed with prototype photos, design proposals and concept sketches of everything from the Iso Grifo to the 1994 Mustang.

Pagani Huayra: First US Pagani dealers revealed

Pagani Huayra - now on sale in the USA For a car maker that’s sold fewer cars in its ten year life than Toyota makes in fifteen minutes, Pagani has built a real reputation as a maker of hugely desirable hypercars. Remarkably, that reputation has been built whilst excluding from it sales market the biggest market for hypercars of all – the United States. But that’s about to change.